Imports are expected to rise to 465,000 barrels per day, their highest level in nearly seven years. The Daily Journal.— India’s imports of Venezuelan crude are set to double in October after seven years without trade due to sanctions, driven largely by Reliance Industries, the Asian country’s largest private conglomerate. According to Bloomberg, Reliance accounted […]
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Kristalina Georgieva confirmed the decision after meeting with Delcy Rodríguez in New York The Daily Journal.- International Monetary Fund (IMF) Managing Director Kristalina Georgieva confirmed Monday that the organization will open an office in Venezuela during the first half of 2027, establishing a permanent presence in the country. Georgieva announced to Bloomberg News after meeting […]
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Julio A. López, Editor-in-Chief. Veteran oil executive Ali Moshiri said he has not signed any memorandum of understanding (MOU) with the Venezuelan government. “The information published by Bloomberg is incorrect,” Moshiri told this publication. The clarification comes just hours after Bloomberg published a report claiming that Moshiri’s team in Caracas had already signed a memorandum […]
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The Daily Journal.- A Venezuelan delegation led by Hydrocarbons Minister Paula Henao will attend the G20 energy summit in Houston, Texas, at the invitation of the Trump administration. PDVSA Executive Vice President Jovanny Martínez will also attend the meeting, which will bring together energy ministers from the world’s leading economic powers. The delegation will participate […]
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The Daily Journal. — Half of Venezuelans believe the recent oil agreement with Washington will benefit the United States more than Venezuela, according to the latest public opinion survey conducted by AtlasIntel in partnership with Bloomberg (Latam Pulse, August 2026). The study assessed citizens’ perceptions of the bilateral agreement announced by President Donald Trump involving […]
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The Daily Journal On August 28, Donald Trump announced on social media what he called “the biggest oil deal in world history.” The United States secured majority control over one-fifth of Venezuela’s proven crude oil reserves, in an operation covering some 65 billion barrels of oil. The announcement came as the U.S. military operation against […]
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The Daily Journal.- Venezuelan crude exports surged in August as U.S. President Donald Trump’s administration seeks to expand its control over the country’s oil sector. Oil tankers loaded an average of 1.114 million barrels per day of Venezuelan crude in August, a 28% increase from July, according to shipping reports, data from Kpler Ltd., and […]
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The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]
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Venezuela faces more than US$240 billion in debt, equivalent to 216% of its GDP, according to Bloomberg reports The Daily Journal.- Venezuela’s debt continues to grow as the government of Acting President Delcy Rodríguez prepares a comprehensive restructuring of the country’s external obligations. According to Bloomberg, a new arbitration award in favor of U.S. insurer […]
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The Daily Journal.- Venezuela’s oil industry showed conflicting signals in July: while production continued to expand slightly, crude exports fell sharply, according to OPEC’s monthly report and shipping data. Secondary sources cited by OPEC placed Venezuelan production at 1.117 million barrels per day (bpd) in July, just 13,000 bpd above June’s 1.104 million bpd. The […]
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